Abbreviated Company Accounts - HELEN WHITEHOUSE HAIRDRESSING LIMITED

Abbreviated Company Accounts - HELEN WHITEHOUSE HAIRDRESSING LIMITED

HELEN WHITEHOUSE HAIRDRESSING LIMITED - Company Information

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Registered Number 07899290

HELEN WHITEHOUSE HAIRDRESSING LIMITED

Abbreviated Accounts

28 February 2014

HELEN WHITEHOUSE HAIRDRESSING LIMITED Registered Number 07899290

Abbreviated Balance Sheet as at 28 February 2014

Notes 28/02/2014 31/01/2013
£ £
Fixed assets
Tangible assets 2 18,322 23,641
18,322 23,641
Current assets
Stocks 3,067 3,000
Debtors 9,031 1,535
Cash at bank and in hand 640 1,836
12,738 6,371
Creditors: amounts falling due within one year (12,877) (16,855)
Net current assets (liabilities) (139) (10,484)
Total assets less current liabilities 18,183 13,157
Creditors: amounts falling due after more than one year (15,239) (10,629)
Provisions for liabilities (4,287) (4,287)
Total net assets (liabilities) (1,343) (1,759)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account (1,344) (1,760)
Shareholders' funds (1,343) (1,759)
  • For the year ending 28 February 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2014

And signed on their behalf by:
Mr P Sandhu, Director

HELEN WHITEHOUSE HAIRDRESSING LIMITED Registered Number 07899290

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold - 25% reducing balance
Plant and machinery - 25% reducing balance

Other accounting policies
Going concern
Although the company shows net liabilities, the director believes that it will appropriate to prepare financial statements on a going concern basis, as she believes that, with her support, the company will become profitable.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets
£
Cost
At 1 February 2013 31,521
Additions 1,000
Disposals -
Revaluations -
Transfers -
At 28 February 2014 32,521
Depreciation
At 1 February 2013 7,880
Charge for the year 6,319
On disposals -
At 28 February 2014 14,199
Net book values
At 28 February 2014 18,322
At 31 January 2013 23,641
3Called Up Share Capital
Allotted, called up and fully paid:
28/02/2014
£		 31/01/2013
£
1 Ordinary shares of £1 each 1 1